What changed in this filing

/stocks — the workspaceLOADING

Item 1. Financial Statements

2026-05-05 compared with 2025-11-04 · 132 added, 325 removed, 504 unchanged (48% of the section changed)

4 unchanged sentences

in thousands, except share data)

September 30, December 31,

March 31, December 31,

Current assets:

Cash and cash equivalents $ 1,666,946 $ 1,722,521

Fees receivable, net of allowances of $ 5,000 and $ 8,500 , respectively

Fees receivable, net of allowances of $ 5,000 for both periods

1,411,496 1,684,522

1 unchanged sentence

Prepaid expenses and other current assets 190,334 152,205

Assets held-for-sale — 106,361

Total current assets 3,647,997 4,066,337

10 unchanged sentences

Current portion of long-term debt 5,000 5,000

Liabilities held-for-sale — 20,503

Total current liabilities 3,886,334 4,072,092

20 unchanged sentences

in thousands, except per share data)

Three Months Ended Nine Months Ended

September 30, September 30,

2025 2024 2025 2024

Three Months Ended

Insights $ 1,294,195 $ 1,255,569

8 unchanged sentences

Amortization of intangibles 20,066 21,894

Acquisition and integration charges — 159 — 977

Goodwill impairment 150,000 — 150,000 —

Gain from sale of divested operation ( 6,138 ) —

Total costs and expenses 1,194,949 1,256,098

1 unchanged sentence

Interest expense, net ( 21,048 ) ( 13,413 )

Gain on event cancellation insurance claims — 300,000 — 300,000

Other (expense) income, net ( 2,632 ) 2,389

13 unchanged sentences

in thousands)

Three Months Ended Nine Months Ended

September 30, September 30,

2025 2024 2025 2024

Three Months Ended

Net income $ 222,344 $ 210,939

10 unchanged sentences

in thousands)

Three and Nine Months Ended September 30, 2025

Three Months Ended March 31, 2026

Common Stock Additional Paid-In Capital Accumulated Other Comprehensive Loss, Net Accumulated Earnings Treasury Stock Total

1 unchanged sentence

Net income — — — 222,344 — 222,344

Other comprehensive income — — 20,484 — — 20,484

Issuances under stock plans — 5,872 — — 3,894 9,766

Common share repurchases (including excise tax) — — — — ( 152,672 ) ( 152,672 )

Stock-based compensation expense — 50,168 — — — 50,168

Balance at March 31, 2025 $ 82 $ 2,553,170 $ ( 67,849 ) $ 6,203,946 $ ( 7,191,495 ) $ 1,497,854

Net income — — — 240,783 — 240,783

Other comprehensive income

Other comprehensive loss

— — ( 4,040 ) — — ( 4,040 )

2 unchanged sentences

Stock-based compensation expense — 45,870 — — — 45,870

Balance at June 30, 2025 $ 82 $ 2,602,976 $ ( 46,615 ) $ 6,444,729 $ ( 7,468,546 ) $ 1,532,626

Net income — — — 35,357 — 35,357

Other comprehensive income — — 10,370 — — 10,370

Issuances under stock plans — 6,961 — — 800 7,761

Common share repurchases (including excise tax) — — — — ( 1,060,085 ) ( 1,060,085 )

Stock-based compensation expense — 30,523 — — — 30,523

Balance at September 30, 2025 $ 82 $ 2,640,460 $ ( 36,245 ) $ 6,480,086 $ ( 8,527,831 ) $ 556,552

Three and Nine Months Ended September 30, 2024

Balance at March 31, 2026 $ 82 $ 2,729,386 $ ( 45,055 ) $ 6,944,582 $ ( 9,565,611 ) $ 63,384

Three Months Ended March 31, 2025

Common Stock Additional Paid-In Capital Accumulated Other Comprehensive Loss, Net Accumulated Earnings Treasury Stock Total

1 unchanged sentence

Net income — — — 210,939 — 210,939

Other comprehensive loss — — ( 6,055 ) — — ( 6,055 )

Issuances under stock plans — 2,712 — — 5,360 8,072

Common share repurchases (including excise tax) — — — — ( 225,522 ) ( 225,522 )

Stock-based compensation expense — 50,500 — — — 50,500

Balance at March 31, 2024 $ 82 $ 2,373,501 $ ( 82,386 ) $ 4,949,837 $ ( 6,522,860 ) $ 718,174

Net income — — — 229,548 — 229,548

Other comprehensive income

3 unchanged sentences

Stock-based compensation expense — 50,168 — — — 50,168

Balance at June 30, 2024 $ 82 $ 2,421,835 $ ( 81,653 ) $ 5,179,385 $ ( 6,872,990 ) $ 646,659

Net income — — — 415,049 — 415,049

Other comprehensive income — — 26,020 — — 26,020

Issuances under stock plans — 4,486 — — 1,869 6,355

Common share repurchases (including excise tax) — — — — ( 63,744 ) ( 63,744 )

Stock-based compensation expense — 34,343 — — — 34,343

Balance at September 30, 2024 $ 82 $ 2,460,664 $ ( 55,633 ) $ 5,594,434 $ ( 6,934,865 ) $ 1,064,682

Balance at March 31, 2025 $ 82 $ 2,553,170 $ ( 67,849 ) $ 6,203,946 $ ( 7,191,495 ) $ 1,497,854

See the accompanying notes to Condensed Consolidated Financial Statements.

3 unchanged sentences

in thousands)

Nine Months Ended

September 30,

Three Months Ended

Operating activities:

4 unchanged sentences

Deferred taxes 1,991 ( 29,710 )

Goodwill impairment 150,000 —

Loss on impairment of lease related assets 4,702 2,950

Gain from sale of divested operation ( 6,138 ) —

Reduction in the carrying amount of operating lease right-of-use assets 14,894 17,736

1 unchanged sentence

Gain on de-designated swaps

( 489 ) ( 2,152 )

Changes in assets and liabilities, net of acquisitions and divestitures:

8 unchanged sentences

Additions to property, equipment and leasehold improvements ( 20,423 ) ( 25,569 )

Acquisition of business

Cash used in investing activities ( 91,310 ) ( 79,796 )

Proceeds from sale of divested operation, net of cash transferred 104,798 —

Cash provided by (used in) investing activities 84,375 ( 25,569 )

Financing activities:

1 unchanged sentence

Payments of deferred financing fees ( 1,508 ) —

Proceeds from revolving credit facility — 274,400

Payments on long-term debt

— ( 274,400 )

Purchases of treasury stock ( 534,637 ) ( 162,672 )

Cash used in financing activities ( 527,484 ) ( 152,936 )

Net (decrease) increase in cash and cash equivalents and restricted cash ( 562,964 ) 454,214

Net (decrease) increase in cash and cash equivalents ( 52,070 ) 135,007

Effects of exchange rates on cash and cash equivalents ( 3,505 ) 22,894

Cash and cash equivalents and restricted cash, beginning of period 1,933,147 1,319,599

Cash and cash equivalents, beginning of period 1,722,521 1,933,147

Cash and cash equivalents, end of period $ 1,666,946 $ 2,091,048

9 unchanged sentences

Revenues and other financial information for the Company’s segments are discussed in Note 7 — Segment Information.

In the second quarter of 2025, the Company renamed its segment previously referred to as Research to Business and Technology Insights to reflect the nature of the value the Company provides to clients.

In the third quarter of 2025, the Company changed the structure of its internal organization and concluded that Gartner Digital Markets (or “Digital Markets”) is an operating segment but does not meet the criteria of a reportable segment.

Accordingly, Digital Markets results are now included in “Other” where segment information is provided.

Digital Markets was previously included in the Company's Insights segment.

Prior periods have been recast to conform to current period presentation.

Basis of presentation .

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In the opinion of management, all normal recurring accruals and adjustments considered necessary for a fair presentation of financial position, results of operations and cash flows at the dates and for the periods presented herein have been included.

The results of operations for the three and nine months ended September 30, 2025 may not be indicative of the results of operations for the remainder of 2025 or beyond.

The results of operations for the three months ended March 31, 2026 may not be indicative of the results of operations for the remainder of 2026 or beyond.

When used in these notes, the terms “Gartner,” the “Company,” “we,” “us,” or “our” refer to Gartner, Inc.

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As a result, differences between estimates and actual results could be material and would be reflected in the Company’s consolidated financial statements in future periods.

Cash and cash equivalents and restricted cash.

During the nine months ended September 30, 2024, the Company paid $ 0.6 million of restricted cash for deferred consideration related to a 2022 acquisition.

Revenue recognition.

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Note 4 — Revenue and Related Matters provides additional information regarding the Company’s revenues.

Gain on event cancellation insurance claims.

On July 25, 2024 the Company entered into a settlement agreement to resolve litigation concerning the Company's event cancellation insurance for 2020 and 2021.

The settlement resolved all remaining 2020 and 2021 event cancellation insurance claims for $ 300.0 million, which the Company received in August 2024.

The Company does not record any gain on insurance claims in excess of expenses incurred until the receipt of the insurance proceeds is deemed to be realizable.

Adoption of new accounting standard .

The Company adopted the accounting standard described below during 2026.

Segment Reporting — In November 2023, the FASB issued ASU 2023-07, Segment Reporting:

Improvements in Reportable Segment Disclosures (“ASU 2023-07”).

The amendments in the ASU are expected to improve disclosures about a public entity’s reportable segments and addresses requests from investors and other allocators of capital for additional, more detailed information about a reportable segment’s expenses.

ASU 2023-07 requires public companies to disclose, on an annual and interim basis, significant expenses that are regularly provided to the chief operating decision maker (“CODM”) and included within each reported measure of segment profit and loss.

The amendments in the ASU require that a public company provide all annual disclosures about a reportable segment’s profit or loss and assets currently required under ASC 280 in interim periods.

The amendments in the ASU also require that a public entity disclose, on an annual and interim basis, an amount for other segment items by reportable segment and a description of its composition.

The other segment items category is the difference between segment revenue less the significant expenses disclosed and each reported measure of segment profit or loss.

The amendments in the ASU, among other items, also require that a public company disclose the title and position of the CODM and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources.

The ASU applies to all public entities that are required to report segment information in accordance with Topic 280.

All public entities are required to report segment information in accordance with the new guidance starting in annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024.

The Company adopted ASU 2023-07 effective with the 2024 10-K and the adoption only impacted its disclosures with no impacts to the Company's results of operations, cash flows, or financial condition.

Credit Losses — In July 2025, the FASB issued ASU 2025-05 , Financial Instruments – Credit Losses (Topic 326) (“ASU 2025-05”).

The amendments in this ASU introduce a practical expedient for all entities related to applying Subtopic 326-20 to current accounts receivable and current contract assets arising from transactions accounted for under Topic 606.

In developing reasonable and supportable forecasts as part of estimating expected credit losses, all entities may elect a practical expedient that assumes that current conditions as of the balance sheet date do not change for the remaining life of the asset.

The amendments are expected to provide decision-useful information to investors and other financial statement users while reducing the time and effort necessary to analyze and estimate credit losses for current accounts receivable and current contract assets.

The amendments were effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods.

Early adoption was permitted in both interim and annual reporting periods in which financial statements have not yet been issued or made available for issuance.

The Company adopted ASU 2025-05 effective in 2026 and the adoption had no impacts to the Company's results of operations, cash flows, or financial condition.

Accounting standards issued but not yet adopted.

The FASB has issued accounting standards that have not yet become effective as of September 30, 2025 and may impact the Company’s Consolidated Financial Statements or related disclosures in future periods.

The FASB has issued accounting standards that have not yet become effective as of March 31, 2026 and may impact the Company’s Consolidated Financial Statements or related disclosures in future periods.

The standards and their potential impacts are discussed below.

Income Taxes — In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures (“ASU 2023-09”).

The amendments in this ASU are expected to enhance the transparency and decision usefulness of income tax disclosures.

ASU 2023-09 requires entities to enhance income tax disclosures primarily related to the rate reconciliation and income taxes paid information.

Companies will need to disaggregate the disclosure of income taxes paid (net of refunds received) by federal, state, and foreign taxes on an annual basis.

Additionally, on an annual basis, companies would disclose income taxes paid disaggregated by individual jurisdiction using a quantitative threshold of 5% of total income taxes paid.

Public business entities would also be required to provide, on an annual basis, rate reconciliation information by specific categories, including state and local income tax, the effect of cross-border tax laws, foreign tax effects, changes in prior year unrecognized tax benefits, and tax credits, among others.

Additionally, some categories would then require disaggregation based on a quantitative threshold of 5%.

The foreign tax effect category requires disaggregation by both jurisdiction and nature.

The ASU also requires additional qualitative disclosures.

All public entities will be required to report income tax information in accordance with the new guidance starting in annual periods beginning after December 15, 2024.

The Company expects this ASU to only impact its disclosures with no impacts to the Company's results of operations, cash flows, or financial condition.

Income Statement — In November 2024, the FASB issued ASU 2024-03, Income Statement-Reporting Comprehensive Income- Expense Disaggregation Disclosures (“ASU 2024-03”).

Income Statement — In November 2024, the FASB issued ASU 2024-03, Income Statement-Reporting Comprehensive Income- Expense Disaggregation Disclosures (“ASU No.

The amendments in this ASU are expected to improve the disclosures about a public business entity’s expenses and address requests from investors for more detailed information about the types of expenses (including employee compensation, depreciation and amortization) in commonly presented expense captions (such as cost of sales, SG&A and research and development).

1 unchanged sentence

It will also require entities to disclose the total amount of selling expenses, and, on an annual basis, an entity’s definition of selling expenses.

The amendments are effective for annual periods with fiscal years beginning after December 15, 2026, and interim periods in fiscal years beginning after December 15, 2027.

The amendments are effective for annual reporting periods with fiscal years beginning after December 15, 2026, and interim reporting periods in fiscal years beginning after December 15, 2027.

The Company expects this ASU to only impact its disclosures with no impacts to the Company's results of operations, cash flows, or financial condition.

Credit Losses — In July 2025, the FASB issued ASU 2025-05, Financial Instruments – Credit Losses (Topic 326) .

The amendments in this ASU introduce a practical expedient for all entities related to applying Subtopic 326-20 to current accounts receivable and current contact assets arising from transactions accounted for under Topic 606.

The amendments will be effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods.

Early adoption is permitted in both interim and annual reporting periods in which financial statements have not yet been issued or made available for issuance.

Internal-use Software — In September 2025, the FASB issued ASU 2025-06, Intangibles-Goodwill and Other-Internal Use Software (Subtopic 350-40) .

The amendments in this ASU remove all references to project stages, and requires entities to start capitalizing software costs when (1) management has authorized and committed to funding the software project and (2) it is probable that the project will be completed and the software will be used to perform the function intended.

The amendments are effective for annual reporting periods with fiscal years beginning after December 15, 2027, and interim reporting periods within those annual reporting periods.

The Company expects this ASU will not have a material impact to the Company's results of operations, cash flows, or financial condition.

Note 2 — Divestiture

In February 2026, the Company completed the sale of its Digital Markets business, for approximately $ 104.8 million net of cash transferred, subject to post-close adjustments.

The Company recorded a pre-tax gain of $ 6.1 million on the sale, which is included in Gain from sale of divested operation in the Consolidated Statement of Operations during the three months ended March 31, 2026.

The Digital Markets business was included in the Company’s Other segment.

Note 3 — Goodwill and Intangible Assets

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If the Company does not believe that it is more likely than not that the fair value of any of the Company’s reporting units is less than the related carrying amount, then no quantitative impairment test is performed.

However, if the results of the qualitative assessment indicate that it is more likely than not that the fair value of a reporting unit is less than its respective carrying amount, then a quantitative impairment test is performed.

test is performed.

Evaluating the recoverability of goodwill requires judgments and assumptions regarding future trends and events.

3 unchanged sentences

During the three months ended September 30, 2025, a goodwill impairment loss of $ 150.0 million was recognized in the Digital Markets reporting unit.

The fair value of that reporting unit was estimated using a combination of the expected present value of future cash flows and market approach.

The table below presents changes to the carrying amount of goodwill by segment during the nine months ended September 30, 2025 (in thousands).

Insights Conferences Consulting Other Total

Subsequent to completing the 2025 annual impairment test, there were no events or changes in circumstances noted that required an interim impairment test.

The table below presents changes to the carrying amount of goodwill by segment during the three months ended March 31, 2026 (in thousands).

Insights Conferences Consulting Total

Balance at December 31, 2025 $ 2,460,315 $ 184,052 $ 96,435 $ 2,740,802

Impairment loss (1) — — — ( 150,000 ) ( 150,000 )

Foreign currency translation impact ( 447 ) ( 10 ) ( 81 ) ( 538 )

Balance at September 30, 2025 (1) $ 2,460,153 $ 184,055 $ 96,502 $ 49,213 $ 2,789,923

Accumulated impairment loss (1) $ — $ — $ — $ ( 150,000 ) $ ( 150,000 )

(1) The Company recognized an impairment loss of $ 150.0 million during the three and nine months ended September 30, 2025.

Balance at March 31, 2026 $ 2,459,868 $ 184,042 $ 96,354 $ 2,740,264

Finite-Lived Intangible Assets

The tables below present reconciliations of the carrying amounts of the Company’s finite-lived intangible assets as of the dates indicated (in thousands).

September 30, 2025 Customer

March 31, 2026 Customer

Relationships Other Total

Gross cost at December 31, 2025 $ 1,021,757 $ 10,200 $ 1,031,957

Intangible assets fully amortized ( 70,120 ) — ( 70,120 )

Foreign currency translation impact ( 1,623 ) — ( 1,623 )

1 unchanged sentence

Accumulated amortization (1) ( 706,106 ) ( 8,474 ) ( 714,580 )

Balance at September 30, 2025 $ 354,836 $ 2,197 $ 357,033

Balance at March 31, 2026 $ 314,028 $ 1,726 $ 315,754

December 31, 2025 Customer

5 unchanged sentences

Customer relationships— 6 to 13 years and Other— 11 years.

Amortization expense related to finite-lived intangible assets was $ 20.2 million and $ 22.2 million during the three months ended September 30, 2025 and 2024, and $ 62.3 million and $ 68.1 million during the nine months ended September 30, 2025 and 2024, respectively.

Amortization expense related to finite-lived intangible assets was $ 20.1 million and $ 21.9 million during the three months ended March 31, 2026 and 2025, respectively.

The estimated future amortization expense by year for finite-lived intangible assets is presented in the table below (in thousands).

2025 (remaining three months) $ 20,086

2026 (remaining nine months) $ 60,052

Note 4 — Revenue and Related Matters

1 unchanged sentence

By Primary Geographic Market (1)

Three Months Ended September 30, 2025

Primary Geographic Market Insights Conferences Consulting Other Total

United States and Canada $ 770,945 $ 11,433 $ 78,299 $ 46,891 $ 907,568

Europe, Middle East and Africa 340,492 39,356 32,987 5,892 418,727

Other International 159,287 23,765 12,287 2,438 197,777

Total revenues $ 1,270,724 $ 74,554 $ 123,573 $ 55,221 $ 1,524,072

Three Months Ended September 30, 2024

Primary Geographic Market Insights Conferences Consulting Other Total

United States and Canada $ 777,405 $ 8,191 $ 79,448 $ 58,790 $ 923,834

Europe, Middle East and Africa 288,649 40,486 30,637 9,267 369,039

Other International 143,470 27,099 17,537 3,327 191,433

Total revenues $ 1,209,524 $ 75,776 $ 127,622 $ 71,384 $ 1,484,306

Nine Months Ended September 30, 2025

Three Months Ended March 31, 2026

Primary Geographic Market Insights Conferences Consulting Other Total

3 unchanged sentences

Total revenues $ 1,294,195 $ 78,325 $ 119,129 $ 19,392 $ 1,511,041

Nine Months Ended September 30, 2024

Three Months Ended March 31, 2025

Primary Geographic Market Insights Conferences Consulting Other Total

6 unchanged sentences

By Timing of Revenue Recognition

Three Months Ended September 30, 2025

Timing of Revenue Recognition Insights Conferences Consulting Other Total

Transferred over time (1) $ 1,268,460 $ — $ 94,043 $ 465 $ 1,362,968

Transferred at a point in time (2) 2,264 74,554 29,530 54,756 161,104

Total revenues $ 1,270,724 $ 74,554 $ 123,573 $ 55,221 $ 1,524,072

Three Months Ended September 30, 2024

Timing of Revenue Recognition Insights Conferences Consulting Other Total

Transferred over time (1) $ 1,205,568 $ — $ 101,246 $ 614 $ 1,307,428

Transferred at a point in time (2) 3,956 75,776 26,376 70,770 176,878

Total revenues $ 1,209,524 $ 75,776 $ 127,622 $ 71,384 $ 1,484,306

Nine Months Ended September 30, 2025

Three Months Ended March 31, 2026

Timing of Revenue Recognition Insights Conferences Consulting Other Total

2 unchanged sentences

Total revenues $ 1,294,195 $ 78,325 $ 119,129 $ 19,392 $ 1,511,041

Nine Months Ended September 30, 2024

Three Months Ended March 31, 2025

Timing of Revenue Recognition Insights Conferences Consulting Other Total

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(2) The revenues in this category are recognized in connection with performance obligations that are satisfied at the point in time that the contractual deliverables are provided to the customer.

Performance Obligations — For customer contracts that are greater than one year in duration, the aggregate amount of the transaction price allocated to performance obligations that were unsatisfied (or partially unsatisfied) as of September 30, 2025 was approximately $ 6.1 billion.

The Company expects to recognize $ 3.2 billion, $ 2.6 billion and $ 0.8 billion of this revenue (most of which pertains to Insights) during the remainder of 2026, the year ending December 31, 2027 and thereafter, respectively.

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The table below provides information regarding certain of the Company’s balance sheet accounts that pertain to its contracts with customers (in thousands).

September 30, December 31,

March 31, December 31,

Fees receivable, gross (1) $ 1,416,496 $ 1,689,522

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Both situations occur before the completion of the Company’s performance obligation(s).

The Company recognized revenue of $ 1.1 billion during both the three months ended September 30, 2025 and 2024, and $ 2.2 billion and $ 2.1 billion during the nine months ended September 30, 2025 and 2024, respectively, that was attributable to deferred revenues that were recorded at the beginning of each such period.

The Company recognized revenue of $ 1.1 billion and $ 1.0 billion during the three months ended March 31, 2026 and 2025, respectively, that was attributable to deferred revenues that were recorded at the beginning of each such period.

Those amounts primarily consisted of Insights revenues that were recognized ratably as control of the goods or services passed to the customer during the reporting periods.

During each of the three and nine months ended September 30, 2025 and 2024, the Company did not record any material impairments related to its contract assets.

During each of the three months ended March 31, 2026 and 2025, the Company did not record any material impairments related to its contract assets.

Note 5 — Computation of Earnings Per Share

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The table below sets forth the calculation of basic and diluted income per share for the periods indicated (in thousands, except per share data).

Three Months Ended Nine Months Ended

September 30, September 30,

2025 2024 2025 2024

Three Months Ended

Net income used for calculating basic and diluted income per share $ 222,344 $ 210,939

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(1) Certain outstanding awards associated with stock-based compensation plans were not included in the computation of diluted income per share because the effect would have been anti-dilutive.

These anti-dilutive outstanding awards associated with stock-based compensation plans was 0.7 million and 0.3 million for the three and nine months ended

September 30, 2025, respectively, and approximately 0.1 million for both the three and nine months ended September 30, 2024.

These anti-dilutive outstanding awards associated with stock-based compensation plans was 0.8 million and 0.2 million for the three months ended March 31, 2026 and March 31, 2025, respectively.

Note 6 — Stock-Based Compensation

1 unchanged sentence

The Company currently awards stock-settled stock appreciation rights, service-based and performance-based restricted stock units, and common stock equivalents.

As of September 30, 2025, the Company had 5.2 million shares of its common stock, par value $ 0.0005 per share, (the “Common Stock”) available for stock-based compensation awards under the Gartner, Inc.

As of March 31, 2026, the Company had 3.9 million shares of its common stock, par value $ 0.0005 per share, (the “Common Stock”) available for stock-based compensation awards under the Gartner, Inc.

Long-Term Incentive Plan as amended and restated in June 2023 (the “Plan”).

The tables below summarize the Company’s stock-based compensation expense by award type and expense category line item during the periods indicated (in millions).

Three Months Ended Nine Months Ended

September 30, September 30,

Three Months Ended

Award type 2026 2025

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Total (1) $ 45.9 $ 50.2

Three Months Ended Nine Months Ended

September 30, September 30,

Three Months Ended

Expense category line item 2026 2025

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Total (1) $ 45.9 $ 50.2

(1) Includes costs of $ 11.0 million and $ 12.9 million during the three months ended September 30, 2025 and 2024, respectively, and $ 58.0 million and $ 61.9 million during the nine months ended September 30, 2025 and 2024, respectively, for awards to retirement-eligible employees.

(1) Includes costs of $ 23.5 million and $ 28.0 million during the three months ended March 31, 2026 and 2025, respectively, for awards to retirement-eligible employees.

Those awards are expensed on an accelerated basis.

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• Conferences provides executives and teams across an organization the opportunity to learn, share and network.

From our Gartner Symposium/Xpo series, to industry-leading conferences focused on specific business roles and topics, to peer-driven sessions, our offerings enable attendees to experience the best of Gartner insights and guidance.

From industry-leading conferences to peer-driven communities – each focused on the mission-critical priorities of specific business roles – our offerings enable attendees to experience the best of Gartner insights and guidance.

• Consulting serves senior executives leading technology-driven strategic initiatives leveraging the power of Gartner’s actionable, objective insights.

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The CODM evaluates segment performance and allocates resources based on gross contribution.

Gross contribution, as presented in the tables below, is defined as operating income or loss excluding certain Cost of services and product development expenses, Selling, general and administrative expenses, Depreciation, Amortization of intangibles, Acquisition and integration charges, Goodwill impairment and Gain from sale of divested operation.

Certain bonus and fringe benefit costs included in consolidated Cost of services and product development are not allocated to segment expense.

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The tables below present information about the Company’s reportable segments for the periods indicated (in thousands).

Three Months Ended September 30, 2025 Insights Conferences Consulting Other (1) Consolidated

Revenues $ 1,270,724 $ 74,554 $ 123,573 $ 55,221 $ 1,524,072

Personnel expenses 282,516 18,389 81,040 5,843 387,788

Product and content delivery expenses 8,102 25,533 3,588 28,738 65,961

Other expenses (2) 5,783 3,320 3,723 571 13,397

Gross contribution 974,323 27,312 35,222 20,069 1,056,926

Cost of services and product development - unallocated (3) 7,072

Selling, general and administrative 762,557

Depreciation and amortization 50,953

Goodwill impairment 150,000

Interest expenses and other, net 16,862

Income before income taxes $ 69,482

Three Months Ended September 30, 2024 Insights Conferences Consulting Other (1) Consolidated

Revenues $ 1,209,524 $ 75,776 $ 127,622 $ 71,384 $ 1,484,306

Personnel expenses 271,718 16,621 78,406 11,682 378,427

Product and content delivery expenses 7,427 25,765 3,971 39,249 76,412

Other expenses (2) 6,607 2,901 3,728 799 14,035

Gross contribution 923,772 30,489 41,517 19,654 1,015,432

Cost of services and product development - unallocated (3) 6,468

Selling, general and administrative 711,729

Depreciation and amortization 51,252

Acquisition and integration charges 159

Interest expenses and other, net 18,952

Gain on event cancellation insurance claims ( 300,000 )

Income before income taxes $ 526,872

Nine Months Ended September 30, 2025 Insights Conferences Consulting Other (1) Consolidated

Three Months Ended March 31, 2026 Insights Conferences Consulting Other (1) Consolidated

Revenues $ 1,294,195 $ 78,325 $ 119,129 $ 19,392 $ 1,511,041

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Depreciation and amortization 45,431

Goodwill impairment 150,000

Gain from sale of divested operation ( 6,138 )

Interest expenses and other, net 23,680

Income before income taxes $ 292,412

Nine Months Ended September 30, 2024 Insights Conferences Consulting Other (1) Consolidated

Three Months Ended March 31, 2025 Insights Conferences Consulting Other (1) Consolidated

Revenues $ 1,255,569 $ 72,597 $ 139,706 $ 66,258 $ 1,534,130

6 unchanged sentences

Depreciation and amortization 50,760

Acquisition and integration charges 977

Interest expenses and other, net 11,024

Gain on event cancellation insurance claims ( 300,000 )

Income before income taxes $ 267,008

(1) Other includes our Digital Markets operating segment.

(2) Other consists primarily of travel and entertainment and workplace expenses.

(1) Other includes the Company's Digital Markets operating segment, which was divested during the three months ended March 31, 2026.

See Note 2 — Divestiture for additional information.

(2) Other expenses consists primarily of travel and entertainment and workplace expenses.

(3) The unallocated amounts consist of certain bonus and fringe costs recorded in consolidated Cost of services and product development that are not allocated to segment expense.

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The Company’s total outstanding borrowings are summarized in the table below (in thousands).

September 30, December 31,

March 31, December 31,

Description 2026 2025

2024 Credit Agreement - Revolving facility (1), (2)

$ 274,400 $ 274,400

2024 Credit Agreement - Revolving credit facility (1) $ — $ —

4.50 % Senior Notes due 2028 (“2028 Notes”)

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800,000 800,000

Principal amount outstanding (4)

4.95 % Senior Notes due 2031 (“2031 Notes”)

350,000 350,000

deferred financing fees (5)

5.60 % Senior Notes due 2035 (“2035 Notes”)

450,000 450,000

Other (2) 5,000 5,000

Principal amount outstanding (3) 3,005,000 3,005,000

Deferred financing fees and unamortized discounts (4) ( 22,029 ) ( 23,326 )

Net balance sheet carrying amount $ 2,982,971 $ 2,981,674

(1) The contractual annualized interest rate as of September 30, 2025 on the 2024 Credit Agreement was 5.538 %, which consisted of Term Secured Overnight Financing Rate (“SOFR”) of 4.188 % plus a margin of 1.350 %.

(2) The Company had approximately $ 0.7 billion of available borrowing capacity on the 2024 Credit Agreement revolver (not including the expansion feature) as of September 30, 2025.

(1) The Company had approximately $ 1.0 billion of available borrowing capacity on the 2024 Credit Agreement revolver (not including the expansion feature) as of March 31, 2026.

(2) Consists of a State of Connecticut economic development loan originated in 2019 with a 10 -year maturity and bears interest at a fixed rate of 1.75 %.

This loan may be repaid at any time by the Company without penalty.

(4) The weighted average annual effective rate on the Company’s outstanding debt for the three and nine months ended September 30, 2025, including the effects of its interest rate swaps discussed below, was 4.77 % and 4.84 %, respectively.

(5) Deferred financing fees are being amortized to Interest expense, net over the term of the related debt obligation.

The Company repaid the loan in April 2026.

(3) The weighted average annual effective rate on the Company’s outstanding debt for the three months ended March 31, 2026, was 4.34 %.

(4) Deferred financing fees and unamortized discounts are being amortized to Interest expense, net over the term of the related debt obligation.

2024 Credit Agreement

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The 2024 Credit Agreement contains certain customary restrictive loan covenants, including, among others, a financial covenant requiring a maximum leverage ratio and covenants limiting the Company’s ability to grant liens, make acquisitions, be acquired and the ability of the Company’s subsidiaries to incur indebtedness.

The Company was in compliance with all financial covenants as of September 30, 2025.

On March 26, 2024, the Company borrowed $ 274.4 million under the 2024 Credit Agreement.

The initial borrowing was used to repay the outstanding amounts under the 2020 Credit Agreement.

Additional amounts borrowed under the 2024 Credit Agreement will be used for working capital needs and general corporate purposes of the Company and its subsidiaries, including the funding of acquisitions and investments, payment of capital expenditures and the repurchase of shares.

The Company was in compliance with all financial covenants as of March 31, 2026.

Interest under the revolving facility accrues, at a variable rate, based on, at our option, (i) the Secured Overnight Funding Rate (“SOFR”) plus a credit spread adjustment of 0.10 % or (ii) an alternate base rate (“Base Rate”) plus, in each case, an applicable margin, and is payable monthly.

The applicable margin ranges between 1.125 % and 1.75 %, depending on the lower rate determined by either the Company’s leverage ratio or the credit rating of the Company’s senior unsecured debt.

At September 30, 2025, the applicable all-in margin on the revolving facility was 1.35 % (including the credit spread adjustment).

At March 31, 2026, the applicable all-in margin on the revolving facility was 1.48 % (including the credit spread adjustment).

The contractual annualized interest rate as of March 31, 2026 on the 2024 Credit Agreement was 5.23 %, which consisted of Term Secured Overnight Financing Rate (“SOFR”) of 3.75 % plus a margin of 1.48 %.

The commitment fee payable on the unused portion of the facility is equal to between 0.125 % and 0.25 % based on utilization of the facility.

The Company has also agreed to pay customary letter of credit fees.

2031 and 2035 Notes

On November 20, 2025, the Company completed the public offering and issuance of $ 350.0 million aggregate principal amount of its 4.950 % Senior Notes due 2031 and $ 450.0 million aggregate principal amount of its 5.600 % Senior Notes due 2035 (together, the “Notes”).

The 2031 Notes were issued at an issue price of 99.970 % and the 2035 Notes were issued at an issue price of 99.992 %.

The Notes were offered and sold pursuant to Gartner’s automatic shelf registration statement on Form S-3 (File No.

333-291447) and the prospectus included therein, filed with the Securities and Exchange Commission on November 12, 2025, and supplemented by the prospectus supplement dated November 13, 2025.

The Company received approximately $ 799.9 million in net proceeds, after discounts and before underwriting fees and offering expenses, from the sale of the Notes.

The Company used a portion of the net proceeds from the offering of the notes to repay the $ 274.4 million then outstanding under the 2024 Credit Agreement and to pay related fees and expenses, with remaining amounts to be used for general corporate purposes, which may include, without limitation, potential repurchases of its common stock.

On June 18, 2021, the Company issued $ 600.0 million aggregate principal amount of 3.625 % Senior Notes due 2029.

The 2029 Notes were issued pursuant to an indenture, dated as of June 18, 2021 (the “2029 Note Indenture”), among the Company, the guarantors party thereto and U.S.

Bank National Association, as trustee.

The 2029 Notes were issued at an issue price of 100.0 % and bear interest at a rate of 3.625 % per annum.

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The Company may redeem some or all of the 2029 Notes at any time on or after June 15, 2024 for cash at the redemption prices set forth in the 2029 Notes Indenture, plus accrued and unpaid interest to, but excluding, the redemption date.

On March 26, 2024, in connection with the closing of the 2024 Credit Agreement and as a result of the termination of the 2020 Credit Agreement, the Company’s subsidiaries that guaranteed the Company’s 2029 Notes were released from their guarantee obligations with respect to the Notes, in accordance with the terms of the indenture pursuant to which the 2029 Notes was issued.

On September 28, 2020, the Company issued $ 800.0 million aggregate principal amount of 3.75 % Senior Notes due 2030.

The 2030 Notes were issued pursuant to an indenture, dated as of September 28, 2020 (the “2030 Note Indenture”), among the Company, the guarantors party thereto and U.S.

Bank National Association, as trustee.

The 2030 Notes were issued at an issue price of 100.0 % and bear interest at a rate of 3.75 % per annum.

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Prior to October 1, 2025, the Company may redeem up to 40 % of the aggregate principal amount of the 2030 Notes in connection with certain equity offerings, or some or all of the 2030 Notes with a “make-whole” premium, in each case subject to the terms set forth in the 2030 Note Indenture.

On March 26, 2024, in connection with the closing of the 2024 Credit Agreement and as a result of the termination of the 2020 Credit Agreement, the Company’s subsidiaries that guaranteed the Company’s 2030 Notes were released from their guarantee obligations with respect to the Notes, in accordance with the terms of the indenture pursuant to which the 2030 Notes was issued.

On June 22, 2020, the Company issued $ 800.0 million aggregate principal amount of 4.50 % Senior Notes due 2028.

The 2028 Notes were issued pursuant to an indenture, dated as of June 22, 2020 (the “2028 Note Indenture”), among the Company, the guarantors party thereto and U.S.

Bank National Association, as trustee.

The 2028 Notes were issued at an issue price of 100.0 % and bear interest at a rate of 4.50 % per annum.

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The Company may redeem some or all of the 2028 Notes at any time on or after July 1, 2023 for cash at the redemption prices set forth in the 2028 Note Indenture, plus accrued and unpaid interest to, but excluding, the redemption date.

On March 26, 2024, in connection with the closing of the 2024 Credit Agreement and as a result of the termination of the 2020 Credit Agreement, the Company’s subsidiaries that guaranteed the Company’s 2028 Notes were released from their guarantee obligations with respect to the Notes, in accordance with the terms of the indenture pursuant to which the 2028 Notes was issued.

Interest Rate Swap

Prior to September 30, 2025, the Company had one fixed-for-floating interest rate swap contract with a notional value of $ 350.0 million.

Under the contract, the Company paid a base fixed rate of 2.98 % and in return received a floating Term SOFR base rate on 30-day notional borrowings.

The swap contract matured in September 2025.

Note 9 — Equity

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In 2015, the Company’s Board of Directors (the “Board”) authorized a share repurchase program to repurchase up to $ 1.2 billion of the Company’s common stock.

The Board authorized incremental share repurchases of up to an aggregate additional $ 5.8 billion of the Company’s common stock from February 2021 to September 2025, including $ 1.0 billion authorized in September 2025.

As of September 30, 2025, $ 1.3 billion remained available under the share repurchase program.

The Board authorized incremental share repurchases of up to an aggregate additional $ 6.3 billion of the Company’s common stock from February 2021 to January 2026.

As of March 31, 2026, $ 0.7 billion remained available under the share repurchase program.

The Company may repurchase its common stock from time-to-time in amounts, at prices and in the manner that the Company deems appropriate, subject to the availability of stock, prevailing market conditions, the trading price of the stock, the Company’s financial performance and other conditions.

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The Company’s share repurchase activity is presented in the table below for the periods indicated.

Three Months Ended Nine Months Ended

September 30, September 30,

2025 2024 2025 2024

Three Months Ended

Number of shares repurchased (1) 3,310,253 300,745

Cash paid for repurchased shares (in thousands) (2) $ 534,637 $ 162,672

(1) The average purchase price for repurchased shares was $ 265.38 and $ 466.99 for the three months ended September 30, 2025 and 2024, respectively, and $ 300.69 and $ 450.92 for the nine months ended September 30, 2025 and 2024, respectively.

The repurchased shares during the three and nine months ended September 30, 2025 and 2024 included purchases for both open market purchases and stock-based compensation award settlements.

(2) The cash paid for repurchased shares during the three and nine months ended September 30, 2025 excluded $ 0.1 million of open market purchases with trade dates in September 2025 that settled in October 2025 and excise tax accrued.

The cash paid for repurchased shares during the nine months ended September 30, 2025 included $ 10.0 million of open market purchases with trade dates in December 2024 that settled in January 2025.

The cash paid for repurchased shares during the three months ended September 30, 2025 included $ 6.0 million of open market purchases with trade dates in June 2025 that settled in July 2025.

The cash paid for repurchased shares during the three months ended September 30, 2024 included $ 5.0 million of open market purchases with trade dates in June 2024 that settled in July 2024.

(1) The average purchase price for repurchased shares was $ 158.49 and $ 507.65 for the three months ended March 31, 2026 and 2025, respectively.

The repurchased shares during the three months ended March 31, 2026 and 2025 included purchases for both open market purchases and stock-based compensation award settlements.

(2) The cash paid for repurchased shares during the three months ended March 31, 2026 excluded excise tax accrued and included $ 10.0 million of open market purchases with trade dates in December 2025 that settled in January 2026.

The cash paid for repurchased shares during the three months ended March 31, 2025 included $ 10.0 million of open market purchases with trade dates in December 2024 that settled in January 2025.

Accumulated Other Comprehensive Loss, net (“AOCL”)

The tables below provide information about the changes in AOCL by component and the related amounts reclassified out of AOCL to income during the periods indicated (net of tax, in thousands) (1).

Three Months Ended September 30, 2025

Interest Rate

Swaps Defined

Pension Plans Foreign

Adjustments Total

Balance – June 30, 2025 $ ( 3,016 ) $ ( 5,115 ) $ ( 38,484 ) $ ( 46,615 )

Other comprehensive income (loss) activity during the period:

Change in AOCL before reclassifications to income

— — 7,303 7,303

Reclassifications from AOCL to income (2), (3)

3,016 51 — 3,067

Other comprehensive income (loss), net 3,016 51 7,303 10,370

Balance – September 30, 2025 $ — $ ( 5,064 ) $ ( 31,181 ) $ ( 36,245 )

Three Months Ended September 30, 2024

Interest Rate

Swaps Defined

Pension Plans Foreign

Adjustments Total

Balance – June 30, 2024 $ ( 16,912 ) $ ( 5,629 ) $ ( 59,112 ) $ ( 81,653 )

Other comprehensive income (loss) activity during the period:

Change in AOCL before reclassifications to income

— — 22,398 22,398

Reclassifications from AOCL to income (2), (3)

3,571 51 — 3,622

Other comprehensive income (loss), net 3,571 51 22,398 26,020

Balance – September 30, 2024 $ ( 13,341 ) $ ( 5,578 ) $ ( 36,714 ) $ ( 55,633 )

Nine Months Ended September 30, 2025

Interest Rate

Swaps Defined

Three Months Ended March 31, 2026

Pension Plans Foreign

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Reclassifications from AOCL to income (2) 210 — 210

9,800 150 — 9,950

Other comprehensive income (loss), net ( 187 ) ( 3,853 ) ( 4,040 )

Balance – September 30, 2025 $ — $ ( 5,064 ) $ ( 31,181 ) $ ( 36,245 )

Nine Months Ended September 30, 2024

Balance – March 31, 2026 $ ( 6,131 ) $ ( 38,924 ) $ ( 45,055 )

Three Months Ended March 31, 2025

Interest Rate

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Other comprehensive income (loss), net 3,390 48 17,046 20,484

Balance – September 30, 2024 $ ( 13,341 ) $ ( 5,578 ) $ ( 36,714 ) $ ( 55,633 )

Balance – March 31, 2025 $ ( 6,410 ) $ ( 5,166 ) $ ( 56,273 ) $ ( 67,849 )

(1) Amounts in parentheses represent debits (deferred losses).

(2) $ 4.3 million and $ 4.8 million of the reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net, for the three months ended September 30, 2025 and 2024, respectively.

$ 13.2 million and $ 14.4 million of the reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net, for the nine months ended September 30, 2025 and 2024, respectively.

See Note 7 — Debt and Note 10 — Derivatives and Hedging for information regarding the cash flow hedges.

(2) The reclassifications related to defined benefit pension plans were recorded in Other (expense) income, net.

(3) $ 4.5 million of the reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net, for the three months ended March 31, 2025.

The swap contract matured in September 2025.

Note 10 — Income Taxes

The provision for income taxes was $ 34.1 million and $ 111.8 million for the three months ended September 30, 2025 and 2024, respectively.

The effective income tax rate was 49.1 % and 21.2 % for the three months ended September 30, 2025 and 2024,

respectively.

The increase in the effective income tax rate in the current period was primarily due to the impact of the goodwill impairment, which is not deductible for tax purposes.

The provision for income taxes was $ 167.2 million and $ 230.6 million for the nine months ended September 30, 2025 and 2024, respectively.

The effective income tax rate was 25.6 % and 21.2 % for the nine months ended September 30, 2025 and 2024, respectively.

The increase in the effective income tax rate was primarily due to the same factor that caused the year-over-year quarterly increase.

The Company had gross unrecognized tax benefits of $ 287.2 million on September 30, 2025 and $ 257.5 million on December 31, 2024.

On July 4, 2025, the One Big Beautiful Bill Act (the “OBBBA”) was enacted in the U.S.

The OBBBA includes significant provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework and the restoration of favorable tax treatment for certain business provisions.

The legislation has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027.

OBBBA did not have a material impact on the Company’s consolidated financial results in the current period.

The Company is currently assessing and will continue to assess and reflect the impact of OBBBA on its future consolidated financial statements as appropriate.

The Organization for Economic Co-operation and Development (“the OECD”) has issued various tax proposals including a two-pillar approach to global taxation (BEPS 2.0/ Pillar Two), focusing on global profit allocation and a 15% global corporate minimum tax rate.

Several countries in which Gartner does business have proposed or enacted new laws to align with OECD Pillar Two proposals.

The minimum tax is treated as a current cost beginning in 2024 and does not have a significant impact on the Company's effective tax rate for the current period.

Significant details around the provisions are still uncertain as the OECD and participating countries continue to work on defining the underlying rules and administrative procedures.

The Company will continue to monitor and reflect the impact of such legislative changes in future financial statements as appropriate.

The provision for income taxes was $ 70.1 million and $ 56.1 million for the three months ended March 31, 2026 and 2025, respectively.

The effective income tax rate was 24.0 % and 21.0 % for the three months ended March 31, 2026, and 2025, respectively.

The increase in the effective income tax rate in the current period was primarily due to the unfavorable impact of stock-based compensation, partially offset by the favorable release of reserves upon the resolution of the related inquiries.

The Company had gross unrecognized tax benefits of $ 292.6 million on March 31, 2026 and $ 301.6 million on December 31, 2025.

Recent legislative developments in the U.S.

and internationally have introduced significant changes to tax frameworks, including modifications impacting business provisions, international taxation, and global minimum tax requirements.

These changes have various effective dates, with some provisions already in effect and others to be implemented over the coming years.

While these evolving legislative measures have not had a material impact on the Company’s consolidated financial results in the current period, the Company is actively monitoring and assessing their potential effects.

The Company will continue to evaluate and reflect the impact of these legislative changes in its future financial statements as appropriate.

Note 11 — Derivatives and Hedging

2 unchanged sentences

The tables below provide information regarding the Company’s outstanding derivative contracts as of the dates indicated (in thousands, except for number of contracts).

September 30, 2025

March 31, 2026

Derivative Contract Type Number of

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Foreign currency forwards (1)

28 $ 83,627 $ ( 253 ) Accrued liabilities

28 $ 110,353 $ 1 Other current assets/accrued liabilities

December 31, 2025

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(Liability), Net (2) Balance

Line Item Unrealized

Loss Recorded

in AOCL, net of tax

Interest rate swap (2)

1 $ 350,000 $ 3,095 Other current assets $ ( 9,800 )

Foreign currency forwards (1)

119 656,904 ( 16 ) Accrued liabilities —

Total 120 $ 1,006,904 $ 3,079 $ ( 9,800 )

104 $ 427,482 $ 230 Other current assets/accrued liabilities

(1) The Company has foreign exchange transaction risk because it typically enters into transactions in the normal course of business that are denominated in foreign currencies that differ from the local functional currency.

The Company enters into short-term foreign currency forward exchange contracts to mitigate the cash flow risk associated with changes in foreign currency rates on forecasted foreign currency transactions.

These contracts are accounted for at fair value with realized and unrealized gains and losses recognized in Other (expense) income, net because the Company does not designate these

contracts as hedges for accounting purposes.

All of the outstanding foreign currency forward exchange contracts at September 30, 2025 matured before October 31, 2025.

(2) Effective June 30, 2020, the Company de-designated all of its interest rate swaps and discontinued hedge accounting.

Accordingly, subsequent changes to fair value of the interest rate swap were recorded in Other (expense) income, net.

The amounts previously recorded in Accumulated other comprehensive loss were amortized into Interest expense, net over the terms of the hedged forecasted interest payments.

See Note 7 — Debt for additional information regarding the Company’s interest rate swap contract.

These contracts are accounted for at fair value with realized and unrealized gains and losses recognized in Other (expense) income, net because the Company does not designate these contracts as hedges for accounting purposes.

All of the outstanding foreign currency forward exchange contracts at March 31, 2026 matured before April 28, 2026.

(2) See Note 12 — Fair Value Disclosures for the determination of the fair values of these instruments.

At September 30, 2025, all of the Company’s derivative counterparties were investment grade financial institutions.

At March 31, 2026, all of the Company’s derivative counterparties were investment grade financial institutions.

The Company did not have any collateral arrangements with its derivative counterparties and none of the derivative contracts contained credit-risk related contingent features.

The table below provides information regarding amounts recognized in the accompanying Condensed Consolidated Statements of Operations for derivative contracts for the periods indicated (in thousands).

Three Months Ended Nine Months Ended

September 30, September 30,

Three Months Ended

Amount recorded in:

2025 2024 2025 2024

Interest expense, net (1) $ — $ 4,464

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(1) Consists of interest expense from interest rate swap contracts.

(2) Consists of net realized and unrealized gains and losses on foreign currency forward contracts and gains and losses on de-designated interest rate swaps.

(2) Consists of net realized and unrealized gains and losses on foreign currency forward contracts and in 2025 also included a gain on a de-designated interest rate swap.

Note 12 — Fair Value Disclosures

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Generally, the Company does not utilize Level 3 valuation inputs to remeasure any of its assets or liabilities.

However, Level 3 inputs may be used by the Company when certain long-lived assets, including identifiable intangible assets, goodwill, and right-of-use assets are measured at fair value on a nonrecurring basis when there are indicators of impairment.

However, Level 3 inputs may be

used by the Company when certain long-lived assets, including identifiable intangible assets, goodwill, and right-of-use assets are measured at fair value on a nonrecurring basis when there are indicators of impairment.

Additionally, Level 3 inputs may be used by the Company in its required annual impairment review of goodwill.

2 unchanged sentences

The table below presents the fair values of certain financial assets and liabilities that are measured at fair value on a recurring basis in the Company's financial statements (in thousands).

Description September 30,

Description March 31,

2026 December 31,

5 unchanged sentences

Foreign currency forward contracts (2) 213 1,169

Interest rate swap contract (3) — 3,095

Total Level 2 inputs 150,630 157,118

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Valuation of these contracts is based on observable foreign currency exchange rates in active markets, which the Company considers to be a Level 2 input.

(3) Prior to September 30, 2025, the Company had an interest rate swap contract that hedged the risk of variability from interest payments on its borrowings (see Note 7 — Debt).

The fair value of the interest rate swap was based on mark-to-market valuations prepared by a third-party broker.

This valuation was based on observable interest rates from recently executed market transactions and other observable market data, which the Company considers to be Level 2 inputs.

The Company independently corroborated the reasonableness of the valuations prepared by the third-party broker by using an electronic quotation service.

The table below presents the carrying amounts (net of deferred financing costs) and fair values of financial instruments that are not recorded at fair value in the Company’s Condensed Consolidated Balance Sheets (in thousands).

1 unchanged sentence

Carrying Amount Fair Value

September 30, December 31, September 30, December 31,

March 31, December 31, March 31, December 31,

Description 2026 2025 2026 2025

2 unchanged sentences

2030 Notes 795,264 795,024 730,344 759,224

2031 Notes 346,708 346,564 341,674 351,869

2035 Notes 445,498 445,411 426,686 450,657

Total $ 2,981,169 $ 2,980,140 $ 2,850,132 $ 2,938,590

Assets and liabilities measured at fair value on a non-recurring basis

The Company’s certain long-lived assets, including identifiable intangible assets, goodwill, right-of-use assets and other long-lived assets, are measured at fair value on a nonrecurring basis when there are indicators of impairment.

The Company recorded an impairment loss of $ 150.0 million during the three and nine months ended September 30, 2025 related to its Digital Markets reporting unit.

See Note 2 — Goodwill and Intangible Assets for additional disclosure related to this impairment charge.

impairment was derived by comparing the fair value of the reporting unit to the carrying value of the reporting unit as of the impairment measurement date, as required under ASC Topic 360 using Level 3 inputs.

The Company recorded an impairment loss of $ 4.1 million and $ 2.4 million during the three months ended September 30, 2025 and 2024, respectively, and $ 4.7 million and $ 3.0 million during the nine months ended September 30, 2025 and 2024, respectively, on right-of-use assets and other long-lived assets primarily related to certain office leases that the Company determined will no longer be used.

See Note 13 — Leases for additional discussion related to these impairment charges.

The impairments were derived by comparing the fair value of the impacted assets to the carrying value of those assets as of the impairment measurement date, as required under ASC Topic 360 using Level 3 inputs.

Note 13 — Contingencies

9 unchanged sentences

these agreements have not been material.

As of September 30, 2025, the Company did not have any material payment obligations under any such indemnification agreements.

As of March 31, 2026, the Company did not have any material payment obligations under any such indemnification agreements.

Note 14 — Leases

14 unchanged sentences

The table below presents the Company’s net lease cost and certain other information related to the Company’s leasing activities as of and for the periods indicated (dollars in thousands).

Three Months Ended Nine Months Ended

September 30,

2025 2024 2025 2024

Three Months Ended

Operating lease cost (1) $ 19,889 $ 24,348

5 unchanged sentences

Right-of-use assets obtained in exchange for new operating lease liabilities $ 25,881 $ 5,071

(1) Included in operating lease cost was $ 8.4 million and $ 9.1 million for the three months ended September 30, 2025 and 2024, respectively, and $ 25.3 million and $ 27.5 million for the nine months ended September 30, 2025 and 2024, respectively, for costs related to subleasing activities.

(1) Included in operating lease cost was $ 8.0 million and $ 8.5 million for the three months ended March 31, 2026 and 2025, respectively, for costs related to subleasing activities.

(2) These amounts are primarily variable lease and nonlease costs that are not fixed at the lease commencement date or are dependent on something other than an index or a rate.

(3) The Company did not capitalize any operating lease costs during any of the periods presented.

(4) Amount excludes impairment charges on lease related assets, as discussed below.

The table below indicates where the discounted operating lease payments from the above table are classified in the accompanying Condensed Consolidated Balance Sheets (in thousands).

September 30, December 31,

March 31, December 31,

Accounts payable and accrued liabilities $ 96,569 $ 96,076

1 unchanged sentence

Total operating lease liabilities included in the Condensed Consolidated Balance Sheets $ 372,204 $ 366,276

In connection with the continuing evaluation of its existing real estate portfolio, the Company reviewed certain of its right-of-use assets and related other long-lived assets for impairment under ASC 360.

As a result of the evaluation, the Company recognized an impairment loss of $ 4.1 million and $ 2.4 million during the three months ended September 30, 2025 and 2024, respectively, and $ 4.7 million and $ 3.0 million during the nine months ended September 30, 2025 and 2024, respectively, which is included as a component of Selling, general and administrative expenses in the accompanying Condensed Consolidated Statements of Operations.

The fair values for the asset groups relating to the impaired long-lived assets were estimated primarily using discounted cash flow models (income approach) with Level 3 inputs.

The significant assumptions used in estimating fair values include the expected downtime prior to the commencement of future subleases, projected sublease income over the remaining lease periods and discount rates that reflect the level of risk associated with receiving future cash flows.

Note 15 — Subsequent Event

On April 30, 2026, the Company’s Board of Directors authorized incremental share repurchases of up to an additional $ 600.0 million of Gartner’s common stock.

This authorization is in addition to the previously authorized repurchases of up to $ 7.5 billion, which, as of the end of April 2026, had approximately $ 640.0 million remaining.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements